Too Big to Fail Automakers or Banks: Pick your Poison

Never trust a big butt and a smile.  "There’s a big difference between a too-big-to-fail bank and a too-big-to-fail automaker: leverage. GM’s failure would have devastating repercussions in terms of midwestern unemployment, which is why the US government bailed it out. But it wouldn’t threaten the international financial architecture in the way that the failure of RBS would. So the world’s taxpayers have more interest in shrinking RBS than they do in shrinking GM."

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